How we evaluate products
Responsible Investment strategies, processes, practices and disclosures are assessed against the eight criteria for product certification in the Responsible Investment Standard and accompanying Guidance and Assessment Notes.
What this symbol means
General certification: This Symbol signifies that a product or service offers an investment style that takes into account environmental, social, governance or ethical considerations, and that it adheres to the operational and disclosure practices required under the Responsible Investment Certification Program for the category of Product.
<span class="text-size-xxsmall">The content on this webpage is provided by Responsible Investment Association Australasia Ltd (ACN 641 046 666, AFSL 554110). For more information refer to our Financial Services Guide. Certain content provided may constitute a summary or extract from the offer document of a financial product. Any general advice has been provided without reference to your investment objectives, financial situation or needs. If the advice relates to the acquisition of a particular financial product for which an offer document (such as a product disclosure document) is available, you should obtain the offer document relating to the particular financial product and consider it before making any decision whether to acquire the product. Past performance does not necessarily indicate a financial products’ future performance. To obtain information tailored to your situation, contact a financial adviser.</span>
Themes & Issues
Society
Environment
<span class="text-size-xxsmall">For RIAA’s definitions of the themes included and issues avoided, please view this guide. Product-specific exclusion criteria and practices may vary. You can find these by referring directly to the product provider.</span>
Overview
Description
The Fund invests in listed water companies, covering a wide range of activities, including water utilities, filtration, monitoring technology and the manufacture of pumps, pipes and irrigation equipment.
1 - several exclusion screens are applied including the NZ Super Fund exclusions list and additional revenue exclusions for gambling, tobacco, thermal coal, pornography, controversial armaments and bottled water.
2 - stocks with high current operational "controversy" levels are excluded (i.e. significant current ESG issues based on news flow, lawsuits etc)
3 - portfolio selection optimises the highest portfolio ESG score that will satisfy the Pathfinder Investment Committee targets for geographic spread and other portfolio factors (dividend, volatility, growth, company size etc). ESG is treated as an investable factor.
Currency exposure in the Global Water Fund is partly hedged with a base target of 50%.